Is credit card interest tied to the prime interest rate?

According to the Federal Reserve, some variable-rate credit cards base their interest rate on the prime interest rate. However, other rates can also be used, such as the Treasury bill rate.Source:F...
Read More »http://www.answerbag.com/q_view/1897543

What is the national average interest rate for credit cards?

As of March 2010, the national average fixed interest rate for credit cards is 13.42 percent, according to bankrate.com. The variable interest rate is 13.99 percent. These interest rates are the AP...
Read More »http://www.answerbag.com/q_view/1971129

What can you do about high interest rate credit cards?

If you have been noticing that your credit card payments are going up without you using your card, it may be time to take a look at your interest rate. Credit card companies will raise your credit ...
Read More »http://www.answerbag.com/q_view/1869589